The crypto bear market continues to take its toll on several established cryptocurrencies, with some having lost up to 90% of their original values since the start of the recession.
However, amid the uncertainties facing the market, numerous blockchain-based startups are venturing into the crypto space with unprecedented success.
Script Network is a typical example of newcomers having just started their Alpha+Public round to the enthusiasm of many investors. The purpose of this project is to allow users to earn rewards while watching TV on mobile devices, desktop computers and TV screens around the world.
Together with Script Network, unconditional Stellar (XLM) and Hedera (HBAR) are also going against the downtrend of the market, a development that indicates that investors are following market trends with great interest. Today we'll be focusing on the newcomer, Script Network, and why this could be a game changer in the content space as we know it. Let's take a closer look.
Stellar (XLM) is a peer-to-peer (P2P) decentralized network that has been around since 2014 and then formally launched in 2015 by Stellar Development Foundation or Stellar.org with the goal of linking with global financial systems and providing financial services. institutions and payment providers with the necessary protocol.
The main reason for the platform is to allow financial resources to be transferred quickly and reliably without much cost. With Stellar, people, payment processors, and banks are connected to each other, allowing users to generate, send, and trade numerous types of cryptocurrency. Stellar uses XLM as its native digital currency. It currently has a market capitalization of $2.9 billion and is ranked in the top 10 position on CoinMarketCap.
ivy (HBAR)
Hedera (HBAR) is another crypto enjoying positive results in today's volatile market. Hedera is the most widely used, enterprise-grade, sustainable public network for the decentralized economy that empowers individuals and businesses to build awesome decentralized applications (DApps). Hedera has seen a significant increase in its market value over the years, which has brought its market capitalization to a whopping $2.1B, with the coin in the 30he position on the CoinMarketCap chart.
One of the reasons for Hedera's popularity is its use for file storage, smart contracts, and regular transactions. Apart from these, the protocol is based on a PoS model which makes it highly scalable, secure and efficient. Users can easily stake HBAR to help maintain network integrity.
Script Network (SCPT)
Script Network, a watch-to-win NFT project running on the Ethereal network, the most widely used entertainment platform on web3, has recently risen to prominence following the launch of its Alpha+Public sales round. The hype of the cryptocurrency market has drawn the attention of cryptocurrency investors and enthusiasts to the direction of Script TV. Script Network's gamified watch-to-earn live TV platform is designed to offer rewards to users while they watch. The network uses two different tokens: $SCPT (for advertising, staking, and governance) and $SPAY (for ScriptGLASS transactions, rewards, and upgrades).
Users will earn points, $SPAY and off-chain rewards while watching TV and interacting with the network. Some of the ways to earn points include being active every day, watching TV every day, talking on live chat, and referrals. For more than 30,000 users of the platform, it is easier to redeem the points or burn them to get $SPAY and glasses of mint. Additionally, $SPAY, points, and off-chain rewards can be burned to level up glasses, buy gems, buy loot boxes, or recharge glasses. Each glass is unique in design and attributes and could bring more rewards.
final thoughts
Script Network's entry into the crypto space and the success of its public round shows how enthusiastic investors are towards new projects with great prospects. Investors and users are especially satisfied with the reward system and other future prospects of the project. Everyone is watching with great interest to see how much progress Script will make in the long run.
For more information on the network script:
Visit The Script Network website
Disclaimer
This article is sponsored content and does not represent the views or opinions of BeInCrypto. While we adhere to the Trust Project guidelines for fair and transparent reporting, this content is created by a third party and is for promotional purposes. Readers are advised to independently verify the information and consult a professional before making decisions based on this sponsored content.
